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http://hdl.handle.net/10419/19294
  

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dc.contributor.authorSchnabl, Guntheren_US
dc.date.accessioned2009-01-28T15:57:06Z-
dc.date.available2009-01-28T15:57:06Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19294-
dc.description.abstractAlthough most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of shortterm and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of ?competitive depreciations? and ?competitive appreciations? among the CIS and East Asian currencies it is argued that the adherence to a common external anchor currency enhances macroeconomic stability. Finally, the potential of euro and ruble (CIS) as well as yen and yuan (East Asia) to challenge the dollar as anchor currencies in the respective regions is explored.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesHWWA Discussion Paper 326en_US
dc.subject.jelF32en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.subject.keywordCISen_US
dc.subject.keywordEast Asiaen_US
dc.subject.keywordInformal Dollar Standarden_US
dc.subject.keywordLiability Dollarizationen_US
dc.subject.keywordAsset Dollarizationen_US
dc.subject.keywordCompetitive Depreciationen_US
dc.subject.keywordCompetitive Appreciationen_US
dc.subject.stwWechselkurspolitiken_US
dc.subject.stwReservewährungen_US
dc.subject.stwWährungssubstitutionen_US
dc.subject.stwWechselkurssystemen_US
dc.subject.stwGUS-Staatenen_US
dc.subject.stwOstasienen_US
dc.titleInternational Capital Markets and Informal Dollar Standards in the CIS and East Asiaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn497861836en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:hwwadp:26192-
Appears in Collections:HWWA Discussion Paper, Hamburgisches Welt-Wirtschafts-Archiv

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